Planning for your family after you pass

Family discussion

Here are some preparations you can make ● focus on specifics, including equity release

Documentation:● Provide them a financial fact sheet with all billing

information ● A will: necessary to avoid family conflict after

your passing Funeral Planning: Details for your loved ones

● Flowers● Scattering the ashes or the type of coffin ● Getting cremated or buried● Religious services

Investing in a funeral insurance policy will benefit

your family in the times to come after your death. Here’s where you can learn more about getting online funeral cover: http://www.letsinsure.com.au/

If your assets > debts, they'll be used for repayment

● Unpaid bills

● Outstanding loans

● Ongoing monthly household expenses

Funeral insurance and debt

● Is a Registered insurance company underwriting your policy?

● Address 'fine print'': choice of funeral parlor , payment in case of policy cancellation or modification?

● Do you get a price guarantee to lock in contemporary prices?

Finding the best funeral insurance plan

● Final expense insurance: beneficiary receives an amount to carry out your wishes

● Pre-need insurance: Bought from funeral home directors to implement specified funeral arrangements

Advantages

● Quick payout: funeral insurance comes into play within a day or two after it is claimed

● Low Cost Funeral Plans are cheaper than funeral bills

Common types of funeral policies

Thank You